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Tuesday, 11 January 11
SUPRAMAX TRIP VIA INDONESIA TO INDIA US$ 8,000 PER DAY
 Despite continued growth in the bulk trades, the delivery of new vessels is beginning to take its toll. The BDI continued its decline, finishing last week at 1,520, while on Thursday the BCI dropped below 2,000 points, its lowest level in six months. In the commodity markets, it was reported China’s steel mills will log lower profits of RMB 77bn ($11.61bn) for 2010 due to the high price of ore. In total China steel makers paid RMB 170bn (25.6bn) extra to purchase iron ore from overseas between January to November, despite the fact imports fell by nearly 6m tonnes. Profit margins for the Chinese steel industry will be 3.5% in 2010, lower than the 6% reported for Chinese industry as a whole. Ore prices are expected to rise again this year, with Credit Suisse last week predicting a 21% hike to an average US$178/tonne basis CFR China for the year.
Supramax/Handy
The beginning of the week was quiet for the Supras in the Atlantic, firming slightly towards Friday, and the Handies remained stable in that basin. On the other hand, the Pacific market for Supras became very dull and rates on the larger sizes were pulled down by the weakening Panamax market. A few sugar/agriprod Handymax parcels appeared on the market from ECSA for second half January but those charterers left with cargoes to be lifted on a prompt basis found themselves in tight situation with difficulties finding ships that were not delayed ECSA. Supramax units open ECSA were being fixed in the mid US$20,000s dop for trips via ECSA to the east, and Supras from WC Africa via ECSA to Continent were seen fixed in the high teens. From the USG to Far East, larger units were getting close to very low US$30,000s. The Transatlantic round voyages showed levels in the high teens for Supras. On the Continent, Handymaxes/Supras were getting fixed in the mid-high teens for trip to the east Med. Looking at the Pacific market now, there were very very few cargoes available and the Pacific round for Supras taken in North China was paying around US$7,000, while trip via Indonesia to India was closer to US$8,000. Trips with iron ore from India were paying in the low/very low teens. On the period front, few Supras were reported but in the Far East, larger units were seen fixed around US$14,000 for short period.
Panamax
The Panamax market found some resistance this week after a very quiet second half of December and the 4TC average gained US$1,000 per day to close the week at US$15,500 on Friday. The Atlantic kept a tight tonnage supply, pushing some charterers to pay close to US$22,000 per day for prompt tonnage dely Continent for TA round. The USG grain export was seeing some activity especially for trip out paying very high US$20,000 per day for ship dely Cont redel Far East. We noticed as well a few steel cargoes out of Black Sea to India. East of Suez the market suffered from the flood in Australia and a high number of vessels were idle at anchorage waiting for shippers to load. Indonesia was active with coal exports and the biggest operators were willing to take in some tonnage paying around US$15/16,000 per day for short period which gave some constancy to the near term market.
Capesize
With little activity even after the New Year, Capesize rates continued to fall rapidly. The market has now seen a 20% drop in the BCI since Christmas Eve. Although the Atlantic held up for a while, by the end of the month it had attracted ships from the Pacific, ensuring rates softened in both markets. By Friday the 4TC had slipped below US$13,000 per day, and the BCI had fallen below 2,000 points, the first time since the quiet months of August. The decline continued on Monday and the 4TC lost nearly another US$1,000 to close at US$11,900 per day.
Source: BRS Dry Bulk
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Saturday, 01 August 20
SHIP SHAPE - OUCH: FIS
Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you ...
Saturday, 01 August 20
ASIA HOPE FOR LONG-TERM OIL DEMAND - BALTIC BRIEFING
Oil demand in Asia Pacific might be expected to plunge 1.8m barrels per day (bpd) this year, but there are still strong prospects for growth over t ...
Friday, 31 July 20
SHORT-TERM IMPACT ON THE CHEMICAL SHIPPING MARKET IF THE INDIA-CHINA DISPUTE ESCALATES - DREWRY
Due to the India-China dispute, the threat of deteriorating trade relations between the two countries has become real. Meanwhile, we expect freight ...
Friday, 31 July 20
PANAMAX: THE PERIOD MARKET REMAINS QUIET WITH FEW FIXTURES REPORTED - FEARNLEYS
Capesize
After weeks of dropping rates, there are finally some resistance for the Capes. Pacific rounds improving to upper15,000s by the middle ...
Friday, 31 July 20
PANDEMIC SENDING SOUTH AFRICAN COAL INDUSTRY TO EARLIER GRAVE - IEEFA
Could South Africa’s coal export industry, one of the largest in the world, be about to take a severe hit from the coronavirus?
...
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- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Anglo American - United Kingdom
- PTC India Limited - India
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Planning Commission, India
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
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